|ES 1 min overnight|
Looks like the selling pressure is back on, as you can see from the chart above the intra day channel of 1165
and 1160.50 has been breached to the downside. What makes this selling interesting in the VXV/VIX broke all time lows today, pushing down to .79. Each time this average touched these levels the market either traded a bit higher then petered out, or petered out all together within days.
For tomorrow we have a 1150 being the big level on the downside followed by 1147. Upside again 1165. With the continued selling of the AUD/JPY US equities will surely be under pressure as the arb desks have pegged equities with this cross the past 6 months or so. REMEMBER TOMORROW WE HAVE FED MINUTES...
|Oct 12 @||14:00||hours the minutes of FOMC Meeting||9/21|